Fairfax to buy IDBI stake: CCEA clears Rs 53,000 crore deal; all you need to know
The Cabinet Committee on Economic Affairs (CCEA) has approved M/s 10955230 Canada Inc, a subsidiary of Fairfax, as the strategic buyer for the combined stakes held by the government and Life Insurance Corporation of India (LIC). The government will sell its 30.48 per cent holding for around Rs 26,620 crore.
